Established Contributor
Lasardo
Posts: 749
Registered: ‎04-26-2012
Paying off car/credit score
I am in the process of buying my first home, yay!! I need every point I can get .. ( I'm sure every one else is too )
Anyway, my car will be paid off after February 01,2013, this will be my last payment ( and with only 40k miles!)
BUT is it going to hinder my credit score??
I do not have ANY credit history other than going back to December 2011 with a secured credit card and I am an AU on 2 cards ( which I understand can not be used )
I would LOVE some examples of how much your credit scores changed once you paid it off!
Any advise would be very helpful!!
CS 728- 01/13 from 554-12/11
Goal: 800